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Total value locked (TVL) is a metric used in the crypto sector to determine the total U.S. dollar value of digital assets locked, or staked, on a particular blockchain or dApp.

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What Is Total Value Locked in Cryptocurrency?

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Investopedia

Watch Out

Hindustan Times

Avalanche and Arbitrium are well-known cryptocurrencies in the crypto world. Experts believe that both of these tokens will do well in the upcoming crypto bull run. However, Everlodge has a unique advantage. Everlodge is connected to the real estate market which is worth over $280 trillion.

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Colorado Avalanche

Avalanche, Everlodge, and Arbitrium: Three Cryptos to Watch Out For in 2023

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Investment

Need to Know

Governance

Uniswap DAO has shown support for a proposal to invest a part of its treasury into Ekubo, a decentralized exchange operating on Starknet.

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Uniswap DAO Signals Approval for $12 Million Investment in Ekubo’s Governance Token – Here’s What You Need to Know

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cryptonews

Two Weeks

Șoarș

The digital asset market has recorded several wins this month with Bitcoin (BTC) hitting a 16-month high and surging activities around decentralized

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DeFi Market Soars to $42 Billion, Rises by $6.2 Billion in Just Two Weeks – Is The Bull Market Here Again?

Bitcoin

On October 16, Bitcoin jumped more than 10% in a matter of minutes as false report circulated saying that the US had approved a long-awaited ETF that invests directly in the cryptocurrency. It erased most of that increase just as quickly when BlackRock said its application was still with the SEC.

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Bitcoin’s big moves are being magnified by a protracted lack of liquidity

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Moneyweb

The total value of all assets locked on decentralized finance (DeFi) protocols has surged to a three-month high of $42 billion after being at its lowest point since February 2021 just two weeks ago, according to DefiLlama data.

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Union of Soviet Socialist Republics

Germany

United States

DeFi Market Recovers From 30-Month Low as Volume Hits Highest Point Since March

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CoinDesk on MSN.com

Bleeding

Binance, the world’s largest cryptocurrency exchange, is struggling to hold onto assets. In the wake of the collapse of rival FTX, investors have been pulling

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Binance Is Bleeding Assets, $12 Billion Gone In Less Than 60 Days – Forbes

Inferse

360 Gamer

Neo blockchain has announced the development of a new Ethereum virtual machine (EVM)-compatible sidechain. An EVM-compatible blockchain can execute smart contracts written for Ethereum without changes. Neo founder, Da Hongfei, introduced the sidechain during his keynote speech at Neo’s 2023 Asia-Pacific hackathon’s grand finale held in Hong Kong.

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Neo sets sights on DeFi, unveils EVM-compatible sidechain

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YAHOO!Finance

As the crypto world revels in a week painted green, Friend.tech is stumbling and appears to be losing its vitality and appeal. The SocialFi platform, which

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Friendship

Exchange-traded fund

The aftereffects of Friend.tech’s top user ditching it

cryptopolitan

Squeeze

In the ever-evolving world of digital assets, Ethereum is facing the squeeze of diminishing demand amid rising U.S. Treasury yields. This is

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Are Rising Yields Putting the Squeeze on DeFi?

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Business Insider

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DefiLlama is a DeFi TVL aggregator. It is committed to providing accurate data without ads or sponsored content, as well as transparency.

DefiLlama

One of the most interesting and underrated advances within the crypto and DeFi space right now is the development of research tools and tactics to make vetting on-chain data easier for the average person. Not that long ago, anything beyond the most basic research was generally considered the realm of “experts” or people with some kind of financial research background — or access to pricey tools or data feeds. crypto But that’s all changing. In the background, the ability to access and use the transparency and record-keeping of public blockchains is getting easier and more intuitive. And tools that are simple to use open up a lot of opportunities for interested people to take deeper dives and put together a completely custom . Do Your Own Research stack In that spirit, let’s take a look at using ChatGPT to access DeFi data using . DeFiLlama Using ChatGPT to look at DeFiLlama Background DeFiLlama is a DeFi analytics platform. Launched in late 2020, the platform was created to give DeFi users, investors, and market watchers an easy-to-use hub to track common market metrics. The goal of the product is to aggregate basic DeFi data to make it easier to figure out what is going on in the growing universe of decentralized finance protocols, apps, and services. The kinds of data points that you can track and research on DeFiLlama include: describes how much money is part of all of a DeFi protocol’s activities. Total value locked, or TVL Trading volumes, or how much money related to a DeFi protocol or app, is trading hands. Liquidity, or how easy it is to buy or sell an asset without causing price movements. Status of forks, airdrops, oracle services, and other important DeFi market events. Maybe one of the greatest things about DeFiLlama is that it is free to use and is open source, which makes it an accessible tool on a lot of levels. that handles tasks like asking questions, creating dialog, summarizing text, or creating code through a simple interface. ChatGPT is a conversational AI chatbot The technology can consume large amounts of data and then analyze that data to perform a user request — and then break the answers down into something resembling a conversation. The company behind ChatGPT, OpenAI, launched several iterations previous to what is available today, but the product went mainstream in November of 2022. ChatGPT offers a plugin marketplace that enables specialized functionality, like grabbing info from the web or booking travel arrangements. Plugins are created to train ChatGPT on a specific set of information. One of the plugins available for ChatGPT is the DeFiLlama plugin, which is necessary to perform the functions outlined below.  As of the time of this writing, installing plugins requires subscribing to ChatGPT’s premium service for a monthly fee. The problem was solved by using AI to look at DeFI analytics Using conversational AI to vet complex data will be game-changing. As was mentioned at the top, one of the biggest attributes of decentralized finance is that DeFi protocols enable financial transparency and accountability. However, the feature set of public ledgers and public accountability can’t be fully realized if it is too cumbersome or complicated for ordinary people to vet ledgers and get data. And it’s not about being a watchdog or performing customized personal research. Being able to vet and market movements in real-time will also play an important role in the health and longevity of DeFi governance and public participation. DeFi events Just like a healthy democracy rests on a fair, accurate, and free press — the true value and potential for DeFi will only be realized when all of the data and market movements are accessible and easy to understand by DeFi users. Having the ability to interact with massive amounts of financial data using AI will help ease some of the complexity of decentralized finance and maybe even make new financial tools feel more useful. How the ChatGPT DeFiLlama plugin works The great thing about the DeFiLlama plugin is that it removes the complexity of querying DeFi data. Rather than using advanced data analytics skills or writing something like SQL queries, anyone can write simple conversational prompts into the ChatGPT interface and then get the answers they need. The speed and repeatability of this kind of research also means that updating market analysis daily, or even several times a day, can be super simple. All you need to do is put the question you want to ask into a prompt format. While the tool is incredibly useful, it’s not perfect. And any time you are using ChatGPT to vet data, it’s always good to double-check results (especially if you are using the results for investment or financial decisions). Sample results Here are three examples of queries with the results. In all instances, I asked ChatGPT to show the results in a table. Prompt one: I asked about DeFi projects with the most inflows in the past 12 hours. Prompt two: In this prompt, I asked about fees collected by DeFi projects over the past 30 days. Prompt three: I asked about DeFi protocols that gained and lost the most in the past week. Analysis After testing this workflow for a little bit, I think this tool probably has three obvious uses: : For people who use or are invested in DeFi already, this tool could be customized to create a watchlist of sorts that can be quickly updated whenever needed. The ChatGPT prompt can be created to act like a filter on specific projects, and the metrics can also be inputted like change in total value locked or the daily inflows or outflows to a project — all useful stuff for people looking to level up their research game. Active DeFi users : In the early days of crypto and in the early days of DeFi, it was a little bit easier to keep up with all of the major players in the market. But as the decentralized finance market continues to expand in both projects, use cases, and complexity, having tools to assist in keeping tabs on interesting movements is key. Using the DeFiLlama plugin to look at things like changes in volume, which might surface interesting finds or new projects to check out. The screeners : Still, the biggest advantage of using AI tools to vet something as dynamic as DeFi is that it makes the space way more accessible to people trying to figure out what’s going on. By creating simple prompts and using something like the DeFiLlama plugin, suddenly, an entirely new informational ecosystem opens up, which will likely be useful in ways we haven’t even thought of yet. But it’s particularly useful to the DYOR crowd. The new researcher Conclusion Maybe all of the recent advances and innovations happening with the research and on-chain access space won’t truly become apparent . Maybe there’s not enough widespread interest right now, but I think these DIY research tools are moving the needle. until the crypto markets come back to life again What it all means is that the next big market wave — and all of the stories and attention and excitement that surrounds major price movements will probably happen against a different backdrop. Instead of relying on a constellation of somewhat reliable sources for on-chain information, people can use these new tools to look at the data themselves and make decisions. While these tools might be built for looking at asset or market performance, at a higher level, they also help deliver on another major value proposition of public blockchains. Transparency and reporting — or just making finance public, will have interesting ramifications down the road, and it’s one of the biggest advantages of using technologies like distributed ledgers. Also published . here

Changing The DeFi Research Game: Using ChatGPT and DeFiLlama for On-Chain Analysis

**GRAND CAYMAN, Cayman Islands, November 30th, 2023/Chainwire/--**Sui, the pioneering Layer 1 blockchain and smart contract platform created by the technology team that emerged from Meta’s Diem Blockchain project, has accelerated beyond expectations in just over six months since its mainnet launch, surpassing $150 million in Total Value Locked (TVL) according to leading DeFi aggregator . DefiLlama This key milestone, which currently places Sui within the top 20 blockchains in TVL, signifies a growing DeFi ecosystem backed by a deep pool of developer talent and a community that is strengthening by the day. In addition to its TVL trajectory, which is up over 500% since the start of September, the Sui Network has surged past $100 million in bridged stablecoins. Sui has also surpassed Bitcoin in total historical on-chain transaction count, affirming its capacity for scalability and efficiency, and underscoring the blockchain’s ability to facilitate seamless, secure, and lightning-fast transactions. The ability to process a high volume of transactions while maintaining peak network performance has supported this DeFi growth, as Sui recently set a new record for the most transactions processed in a single day by any blockchain ever. “Sui's rapid ascension reflects both the growing demand for its unique, native technology and a vibrant community that is fueling the growth and adoption of the Sui Network,” said Greg Siourounis, Managing Director of the Sui Foundation. “To reach this level of adoption within months of the network’s mainnet launch is remarkable and bodes extremely well for the future of this burgeoning DeFi ecosystem.” This level of growth is further supported by a robust network of independent DeFi projects adding value and utility for the community. For example, Cetus, a leading DEX and concentrated liquidity protocol within the Sui ecosystem, also recently achieved a significant feat by surpassing $1 billion in total transaction volume. This accomplishment underscores the depth and decentralization of the Sui Network's DeFi landscape. Builders on Sui are also prioritizing relationships and collaborations across the globe, as evidenced by the recent partnership announcement with . With roots in Abu Dhabi, the UAE's capital, and a large investment base, Hub71 supports over 260 startups, and has committed to introducing UAE-based startups to the Sui ecosystem. technology incubator Hub71 Sui's ascendancy makes it a growing force in the industry as Web3 braces itself for what many expect to be a period of high growth. With its object-centric model and unparalleled scalability, Sui’s potential for mass adoption arises from its simplicity for developers and rapid transaction processing for broader use cases. Builders, users, and organizations alike can learn more about the network by visiting . https://sui.io Contact Sui Foundation media@sui.io This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program . here

Sui Surpasses $150M in TVL, Showcasing Blistering DeFi Momentum

Decentralized Finance (DeFi) has been a game-changer in the world of finance, but it's not without its challenges. One big challenge is that there are , each with its own unique ecosystem. many different blockchains To truly thrive in a decentralized world, DeFi must transcend the confines of such individual blockchain networks. This necessitates cross-network collaborations that harness blockchain interoperability, enabling seamless interactions between diverse platforms. This article explores why DeFi needs cross-network collaborations and how interoperability can usher in a more integrated and efficient DeFi ecosystem. Overcoming Silos: The Significance of Interoperability in DeFi , the ability of different blockchain networks to communicate seamlessly, is vital to DeFi's growth. Blockchain interoperability According to the DeFi analytics aggregator , more than 56% of the total value locked across DeFi platforms resides on the Ethereum blockchain, creating a closed ecosystem that limits innovation and adoption. DeFiLlama Interoperability breaks down these barriers by facilitating cross-chain transactions and fostering collaboration between different platforms. , , and the are examples of organizations focused on building interoperability infrastructure and tools that make it easier for developers to build across different blockchain networks and create applications that leverage the strengths of multiple blockchains. Axelar Hyperlane ICON Unlocking New Possibilities Through Composability Composability in the context of blockchain interoperability refers to the ability to seamlessly combine and utilize various components or services from different blockchain systems in a single application or ecosystem. By bringing blockchain interoperability into play, a decentralized application could effectively use a smart contract from one blockchain while utilizing tokens or data from another. It enables a new type of flexibility and the opportunity to create highly customized solutions. One example in DeFi is the , which utilizes a virtual AMM on a state chain, enabling more efficient liquidity management than before. Developers can also leverage more efficient processes, such as using one blockchain for its high transaction speeds and another for its robust security features. cross-chain approach by Chainflip As a result, users are able to benefit from the strengths and capabilities of multiple blockchains in a single application interface. General message-passing bridges, services, and tooling abstract away differences between blockchains. Providers such as Axelar and the ICON offer application developers versatile solutions for highly customized cross-chain interactions, resulting in improved user experience, increased efficiencies, and a wider range of services. Expanding User Base and New Use Cases Interoperability opens doors for DeFi projects to expand beyond their native blockchains, providing an excellent opportunity for businesses to reach a larger user base. This also allows for co-marketing opportunities with other blockchain networks, resulting in auxiliary benefits. By collaborating with other platforms, DeFi projects can leverage each other's strengths, creating a more comprehensive and robust ecosystem. For example, earlier this year Cosmos-based blockchain Injective , which benefits not only Solana developers but also Cosmos users as they experience a wider range of services where they can use their native tokens. integrated Solana into its network ICON’s recent integrations to Cosmos blockchains Archway and Neutron also lay the groundwork for a proliferation of services that serve DeFi services to reach a wider target audience across interconnected ecosystems. Similarly, Enhancing Security for Cross-Chain Transactions Cross-chain connections have historically been fragile due to , resulting in significant losses. DeFiLlama now monitors the metric "Total Value Hacked in Bridges," which accounts for over one-third of the total cryptocurrency stolen in hacking incidents. numerous bridge-related hacks Given the frequency of bridge hacks, DeFi apps should reconsider their reliance on bridges and consider integrating with multiple bridges as a risk diversification strategy, as recommended by The Uniswap Foundation for cross-chain governance in the . Bridge Assessment Report Additionally, the diversity of available cross-chain messaging protocol standards, some similar and others distinct, highlights the fact that no single protocol standard can address all the security risks associated with bridging closed, trustless consensus environments. Using multiple bridge protocols provides a fallback in case one bridge fails and also allows for dual verification from two bridges simultaneously, for transactions that warrant extra security. Services like xCall , enabling teams to allocate more time and resources to secure transactions. simplify integration with multiple bridges Aggregating multiple cross-chain messaging protocols can further mitigate bridge risks and potential attack vectors. This meta-protocol standard provides a comprehensive security framework for decentralized application development. Leading applications like Jumper Exchange by LiFi already offer cross-chain aggregation for token transfers in DeFi. Current Challenges and Solutions Despite the benefits of interoperability, such as , cross-chain adoption gives rise to a new set of challenges altogether. capital efficiencies, better user experience, and added functionality For instance, users often face difficulties dealing with multiple blockchains, including different wallets, interfaces, and transaction mechanisms. This challenge not only prevents non-technical users from benefiting from other blockchain technologies but also fuels , which can hinder progress in the industry. blockchain tribalism To address this, wallets like Hana, Leap, and Metamask are integrating cross-chain functionality and modularity, aiming to provide a seamless and user-friendly experience for cross-chain transitions. Furthermore, while interoperability aims to unify liquidity across chains, such factors as the proliferation of new trading venues or asset types could have the opposite effect, leading to , where liquidity is spread thinly across multiple ecosystems, potentially impacting the efficiency and effectiveness of financial operations. fragmentation Standardizing certain aspects of blockchain technology could help, but achieving widespread agreement and adoption is difficult. In the past year alone, LayerZero (OFTs), Axelar (ITS), and Connext (xERC20) have each released unique token standards for native cross-chain use. The Future of DeFi: A Unified, Interoperable Ecosystem The DeFi landscape is on the brink of a transformative era, powered by interoperability technology that fosters innovative financial solutions, reduces barriers to entry, and encourages widespread adoption. Although challenges such as security concerns and standardization persist, progress in technology and collaborative efforts are clearing the path for a robust and unified DeFi ecosystem, which will play a vital role in shaping the next generation of inclusive and interconnected financial services.

Enhancing DeFi Through Cross-Network Collaborations and Blockchain Interoperability

According to Fortune Business Insights, the global blockchain technology market size $11.14 billion in 2022 and is projected to grow from $17.57 billion in 2023 to $469.49 billion by 2030, exhibiting a CAGR of 59.9% during the forecast period. These are impressive numbers, and I'm convinced the industry is going to experience another bull run soon. And as always, I am making sure I'm on top of the trend that would be at the forefront of this run. was valued at blockchain Making the most of a bull run is relatively easy; you only have to put your ears to the ground and take advantage of information early on. Two trends that I have been preaching for a while now are gaming and Real World Assets (RWA) narratives. These narratives are slowly redefining the intricate tapestry of innovation in the blockchain. They are reshaping user experiences and investment paradigms, and in this article, we will be discussing these trends and how you can take advantage of them for the bull run. Beyond the Entertainment of Gaming The gaming activity and its paraphernalia, until recently, were confined to the realms of entertainment. The activity has now transcended its conventional role as a tool for entertainment and has emerged as a vibrant tapestry of experiences. By fusing blockchain technology and gaming, we've birthed a new era where taking center stage is increased immersion and interaction. People are interested in the opportunity to earn from playing games — an opportunity made possible because of blockchain tech. This enthusiasm is evident by the fact that as of 2022, gaming represented 49% of blockchain-related activities. Marrying cutting-edge gaming mechanics with blockchain technology has proven not merely to be a technical feat but also the gateway to a truly immersive digital realm. This is what a platform like represents. A pioneer, Zogilabs is a digital haven where gamers can escape into enchanting landscapes, embody Bezogi avatars, and revel in the captivating realms of Bezogia. Zogilabs Gaming Aiding in Well-being The blockchain has made many things possible. Most of these ideas that have been made real may not have been feasible to achieve two decades ago. One of these is using gaming mechanics to help people achieve fitness goals. Quite remarkable, you no longer have to spend long hours slugging it out in the gym to reach your body targets. You can now reach those with the help of the blockchain. The combination of Play-to-Earn (P2E) and Move-to-Earn (M2E) mechanics perfectly embodies a holistic approach that resonates with our daily lives. In our ever-busy lives and schedules, passive activities are starting to dominate, and HyperMove is laying the groundwork as the go-to platform for this. Not just a gaming platform, is a companion fostering physical and mental health by helping users exercise and play games while earning crypto passively. HyperMove Strategy Gaming, NFTs, and the Blockchain Different types of games have been built on the blockchain, but one that has stood out is strategy games. These games are birthing an era of unprecedented possibilities. The addition of NFTs as forms of reward has only ever increased the appeal of these games. According to Mordor Intelligence, a market intelligence and advisory firm, the NFT gaming market is currently $410.92 billion and $820.78 billion by 2028 at a CAGR of 14.84%. expected to reach and are excellent examples of these types of games that integrate NFTs into their gameplay. It introduces a unique blend of base-building, management, and combat in the case of the former. As a player, you navigate the intricacies of resource management, building upgrades, and strategic combat, all while embracing ownership concepts for in-game assets (Arabian camel NFTs and Chiefs). The latter is a testament to the versatility of blockchain in gaming. Seamlessly integrating blockchain into the gaming experience, players adopt charming dinopets, assemble teams, and embark on Hunts for in-game rewards. It's not just about adventure; it's a strategic move introducing ownership, scarcity, and value to in-game assets, marking a new frontier in prehistoric strategy. Antara Age of Dinos These are great examples of how the blockchain has become the cornerstone of a new era in strategic gaming. Players are increasingly embracing ownership concepts for in-game assets. A feat that underscores the potential of blockchain in reshaping gaming dynamics by evolving beyond the boundaries of mere entertainment. Real World Asset (RWA) Narrative and Tokenizing Tangible Value RWA is the tokenization of tangible assets that exist in the physical world. These assets range from real estate properties to commodities, bonds, and machinery. RWAs make up a significant portion of the world's global financial value. As of 2020, the value of the global real estate market was . For context, the gold market capitalization is . $326.5 trillion currently $13.08 trillion These otherwise inaccessible traditional assets find a place within the blockchain and Decentralized Finance (DeFi) ecosystem with RWAs, which increases the availability of financial tools like these that are often inaccessible. Accessibility to RWAs opens up new horizons of applications and shows how the blockchain has become the catalyst for reinventing investments. A good example of RWA platforms are YieldBricks and EstateX. These platforms empower retail and small investors with access to premium opportunities. YieldBricks pioneers seamless DeFi pools and tokenized yields through real estate assets. EstateX extends this revolution by democratizing access with increased liquidity, lower investment minimums, and portfolio diversification. RWA is a niche in the crypto space that's growing at an impressive level. According to DefiLlama, the total value locked (TVL) is over $2.4 billion as of October 2023. Research by the Boston Consulting Group and ADDX shows the combined value of tokenized illiquid assets . could exceed $16 trillion by 2030 Beyond decentralizing traditional assets, asset tokenization has far-reaching implications. Lingo, a Web3 startup, epitomizes the scalable integration of blockchain with real-life assets. The platform bridges the gap between blockchain and real-life experiences. Its innovative model empowers the community with rewards redeemable for real vacations, showcasing the potential of blockchain in reshaping our tangible world. Just like with every positive thing, there are some negative(s) that need fixing as regards the blockchain and RWAs or gaming. A major one is transparency. In the world of Web3, transparency often comes at the cost of user privacy. This is a challenge that addresses on the Ethereum network by introducing selective transparency to blockchain interactions. DOP Protocol Transparency plays a crucial role in transacting real-world assets on the blockchain by providing several benefits, including trust and credibility, immutable record keeping, reduced counterparty risk, compliance and regulatory alignment, global accessibility, etc. Conclusion As we evaluate the impact of blockchain on gaming and investments, it's not merely a tale of technical marvels; it's a human narrative of transformation. The projects at the forefront of these narratives aren't just projects; they are pioneers, weaving human experiences into the fabric of innovation. And this is why I think gaming and RWAs will lead the next bull run. I'm predicting a future where blockchain integration isn't just a choice but a necessity for the next phase of how we play, invest, and experience the world.

Prepare for the Next Bull Run With Real World Assets and Gaming Strategies

বাস্তব বিশ্বের সম্পদ এবং গেমিং কৌশলগুলির সাথে পরবর্তী বুল রানের জন্য প্রস্তুত হন

Bereiten Sie sich mit realen Vermögenswerten und Spielstrategien auf den nächsten Bull Run vor

Prepárese para la próxima corrida alcista con activos del mundo real y estrategias de juego

Préparez-vous pour le prochain Bull Run avec des actifs du monde réel et des stratégies de jeu

वास्तविक दुनिया की संपत्तियों और गेमिंग रणनीतियों के साथ अगले बुल रन के लिए तैयारी करें

現実世界の資産とゲーム戦略で次の強気相場に備える

실제 자산과 게임 전략으로 다음 강세장을 준비하세요

Prepare-se para a próxima corrida de touros com ativos do mundo real e estratégias de jogo

Подготовьтесь к следующему бычьему забегу с реальными активами и игровыми стратегиями

Gerçek Dünya Varlıkları ve Oyun Stratejileriyle Bir Sonraki Boğa Koşusuna Hazırlanın

Chuẩn bị cho đợt tăng giá tiếp theo với chiến lược chơi game và tài sản trong thế giới thực

利用现实世界资产和游戏策略为下一次牛市做好准备

The FTX scandal of November 2022 pushed the entire crypto ecosystem to the brink of collapse. But what would soon follow was the significant shift from centralized exchanges(CEXs) to decentralized exchanges(DEXs). By Q1 2023, decentralized derivatives protocols such as dYdX, GMX and GNS were beginning to gain momentum. In March alone, DEX derivative trading reached a record $68.7 billion, with dYdX protocol leading the pack. One thing is clear: the era of derivative DEX trading has arrived with different protocols competing to outdo one another. A key player in this space is Aark Digital, a perpetual derivative exchange running on the Arbitrum blockchain. Since its founding, Aark Digital has recorded significant milestones, from launching the first smart-contract backed  peer-to-peer DEX derivative on Arbitrum to securing massive funding from OKX Ventures, one of the largest investment funds in web3. Investigating Aark Digital's Rise As an innovative “leveraged everything” Perpetual DEX platform, Aark Digital appears to have a viable market infrastructure that captivates the interest of stakeholders and sustains the unique interplay between traders, liquidity providers, and market makers, who mitigate risk through arbitrage opportunities. But does it have the ability to become the new face of DeFi? Aark Digital’s Partnership with FRAX One might be tempted to answer the above question in the affirmative. After all, its recent partnership with Frax Finance is calculated to solidify the platform’s position as a leading and ambitious perpetual DEX. With plans to leverage the legendary Frax ecosystem within their platform, one should be able to deduce its aim to become an industry-leading LSD perpetual DEX, specifically designed for professional traders and liquidity providers on the Arbitrum network. Ranking As of the time of writing, it ranks th in terms of derivatives trading volume across all networks on DeFiLlama, with a peak of third within the first week of launching. It expects to see a more consistent, or “sticky” volume, due to the aligned incentives for all major participants. 10 Leveraging One of DeFi’s Strongest The above announcement details the addition of FRAX and the coming integration of SFRXETH as LP/collateral assets on its platform. One way it is solidifying its current position as the leading DEX on Arbitrum in terms of perps volume is by continuing to draw FRAX and SFRXETH users into Arbitrum as they pursue the juicy yields from Aark LP. Based on the partnership, once a certain TVL threshold is reached, the Frax Foundation will provide FXS rewards to Aark traders. This is because fees derived from this "incentivized trading" will go in part to FXS and SFRXETH holders. This will probably be the first time where incentive tokens drive value back to the ecosystem they stem from. In addition, by offering liquidity providers a juicy 20% APR for single-sided LPs, it so far already boasts the highest APR available in the Defi space. This medium was designed to allow FRAX holders on Arbitrum to benefit for an even juicier 30% APR by using 2x leverage on Aark’s DEX. Sticky Yield Flywheel The ingenuity of the Aark Flywheel model safeguards liquidity providers, boosts higher trading volumes, and dynamically scales open interest, setting Aark apart. More so, as most conventional platforms limit their Open Interest to Total Value Locked (TVL) ratio at 1:1, Aark surpasses this with over ten times the OI relative to its TVL, resulting in significantly heightened returns for liquidity providers. This model was designed to create a self-reinforcing mechanism that attracts both liquidity providers and traders. “We’re committed to capital efficiency and aim to redefine industry standards,” said Aark Digital Founder in a recent interview. "We want to set the bar for perpetual DEX moving into 2024”. The Long Game With a total trading volume so far of nearly $700 million, the Aark platform has been audited by both Hacken and Secure3, both reputable audit firms that have worked to secure some of the most disruptive platforms and protocols in the industry. During this tough time in the markets and with many projects falling short of their promises, depleting funds and even exit scamming, the team behind Aark is able to make clear their plans to stick around for the foreseeable future, with the support they received early on in term of funding, which was a sign of investors’ confidence in its mission. Funding Aark has received funding from several prominent investors, including Delphi Digital and OKX Ventures, the investment arm of leading Web3 technology company OKX. In August, Aark Digital also integrated the OKX Wallet into its platform, enabling OKX users to access more than 50+ trading pairs on Aark Digital via web extension. Funding has turned out to be one of its core strengths. Take, for example, OKX, which is by far one of the biggest VCs in Web 3 technology, pouring a massive yet undisclosed amount into it in July. The reason is a simple one: the cutting-edge innovation the company continues to dish out. For example, it is arguably the first peer-to-pool derivatives Decentralised Exchange (DEX) to pioneer delta-neutral liquidity pools, which are designed to increase liquidity pool size and capital efficiency and collateral options for DEX users. OKX, which boasts of over 300 portfolios spanning five continents, and a fund size of nearly $1bn, did prioritize investing in Aark Digital thanks to its innovative solutions and its ability to attract a large and active community of traders and liquidity provider

The Rise of DEX Derivative Protocols: Aark Digital

Security remains one of the biggest challenges in the digital asset industry. In 2022 alone, the total value of crypto stolen through hacks amounted to $3.8 billion. While this figure is down 77% as of June 2023 compared to the same period last year, it is hard to ignore the imminent threats that hacks and scams pose to the larger digital asset ecosystem. Notably, protocols account for the majority of the hacks, with 82.1% of the funds compromised last year originating from this niche. Over 50% of the hacks in DeFi can be attributed to smart contract vulnerabilities, which, although they are a fundamental part of the DeFi ecosystem, also present huge security risks. Decentralized Finance (DeFi) In the next sections of this article, we will delve into the state of security in the digital asset market, highlighting the top 10 hacks in crypto in 2023, along with key trends shaping the security landscape of this industry. Major Trends in Crypto Security Landscape 2023 In addition to the top crypto hacks of 2023, several significant trends have emerged this year in the crypto security landscape. 1 DeFi accounted for 62% of the Losses in H1 2023 As anticipated, DeFi remains the most targeted niche for crypto hackers. A report by Footprint Analytics revealed that out of the total $471.4 million lost in H1 2023, DeFi accounted for $292.6 million, which is approximately 62%. 2 Ethereum is the Most Targeted Chain by Hackers According to metrics, Ethereum currently leads the pack in terms of locked value, boasting a TVL of $19 billion, while the overall DeFi TVL stands slightly above $36 billion. Unsurprisingly, this leading DeFi chain is also a hotbed for hackers, given the substantial funds in circulation within the Ethereum ecosystem. DeFi Llama On-chain metrics reveal that over $356 million was lost on the Ethereum blockchain in H1 2023, with the BNB chain following at a distant second with $29 million. However, at the same time, it is worth noting that the number of Ethereum builders complying with the United States Office of Foreign Assets Control (OFAC) sanctions has increased to 5 out of the top 6 Ethereum block builders, following the Tornado Cash sanctions last year. 3 Tornado Cash Volume Dramatically Reduced Still on the Tornado Cash , which came into effect on August 8, 2022, volumes transacted through this tumbler have significantly decreased this year. For context, the U.S. Government sanctioned Tornado Cash, an Ethereum-built protocol, last year to prevent North Korean hackers from further exploiting the crypto ecosystem by stealing funds, laundering, and evading international sanctions. sanction 4 North Korea Hackers Are Still Very Active Despite the hurdles placed by the U.S. government and other authorities across the globe, North Korean hackers, particularly the Lazarus Group, have remained active throughout 2023. Out of the top 10 hacks this year, the Lazarus Group allegedly masterminded at least four, including Atomic Wallet ($100 million), Alphapo ($41.3 million), Stake.com ($41 million), and CoinsPaid ($37.3 million). Conclusion The digital asset industry is still in its early stages of development, particularly concerning newer innovations in the DeFi, NFT, and Metaverse ecosystems. Like any nascent technology, security incidents are bound to occur, but this does not imply that they cannot be prevented. Most of the hacks in the crypto space can be mitigated through comprehensive security audits, transparent infrastructures, and accountability frameworks to prevent stakeholders from misusing investors' funds. Also published . here

Crypto Security: Unmasking the Top Hacks and Trends in Digital Asset Security 2023

Curiously enough, “Kava” may refer to several plant species, a sedative drink, a Russian river, and several locations around the world. Kava is designed for high speeds, programmability, and native cross-chain capabilities, making it a standout project within the Cosmos ecosystem. This time, we’re referring to the DeFi protocol available to earn rewards in several cryptocurrency platforms. Kava's journey in June 2019, driven by its founding team, including CEO Brian Kerr, and has since evolved into a dynamic platform for users. The use of Tendermint (a Proof-of-Stake system) as the consensus protocol ensures speed and low transaction costs, supporting up to 10,000 transactions per second (TPS). Kava's modular design allows developers to extend its functionality, with modules like the price feeder, auctions, and the KAVA Collateralized Debt Position (CDP) system. began DeFi Now, talking about rewards, they’re running the Kava Rise Program for developers. This is, in theory, a way to attract and reward the teams of new dapps, but ordinary users can also benefit from it. This is how it happens in the case of . Dapp Obyte What is the Kava Rise Program? This is a aimed to incentivize Dapps registered on the Kava network for their Total Value Locked (TVL). This is a used to measure the total amount of funds locked or held within a decentralized finance (DeFi) protocol or platform at a specific time, indicating the level of participation and value within the ecosystem. rewards system common metric As part of the Kava Rise program, The rewards are distributed among enrolled Dapps based on the TVL they generate on Kava, tracked by the service DeFiLlama. Usually, this means that the more crypto users are attracted by certain Dapp, the more that Dapp will earn from the program. Dapps receive generous rewards of 1,000,000 KAVA tokens (approximately $1 million) monthly. Obyte has the program with two Dapps: and . The first one is a cross-chain platform, while the second one is a new Dapp with its own token for borrowing. To Obyte users, this presents a unique opportunity to earn passive income with their GBYTE and KAVA-based holdings. recently joined Counterstake Bridge LINE How to earn with Obyte and Kava? First of all, we must note that Obyte plans to leverage these developer rewards to buy GBYTE from the market, creating buy pressure, That’s a win-win situation for the ledger and the users. and distribute 90% of the acquired GBYTEs to users actively contributing to the TVL on Counterstake and LINE. The first method for earning is to bridge (swap) Kava tokens to Obyte via Counterstake. Users don’t need to do anything else in this case, just keep the bridged tokens in their wallets. Monthly rewards in GBYTE will be sent to the wallet addresses holding these bridged tokens, according to their contributions. The second way to earn is by using the new LINE Token for double rewards. By borrowing LINE tokens against GBYTE collateral through linetoken.org and subsequently bridging them back to Obyte, users can receive rewards proportional to twice their LINE token holdings. Holding LINE tokens in Obyte wallets automatically qualifies users for a share of the Kava Rise rewards, proportional to twice their LINE balances. The steps are simple: Bridge GBYTE from Obyte to Kava via the Counterstake platform. Use GBYTE to borrow LINE at linetoken.org. Bridge the borrowed LINE tokens back to Obyte. Some financial considerations An important part about LINE is that it’s a price-protected token: If its price grows, the user can sell the LINE tokens on DEXes for a profit and forget about the loan. If the price falls, the user can just repay the loan and get one’s GBYTE collateral back, less fees. Therefore, your investment wouldn’t be high-risk —unlike what’s usual on new DeFi platforms. In recent months, the average Annual Percentage Yield (APY) for Kava Rise rewards has been around 7%. LINE token holders have the potential to earn double the standard APY as long as the LINE token price remains stable. To make the most of these earnings, it’s recommended to hold LINE tokens for the long term. And that’s it! Ready to earn some passive income with Kava and Obyte? You can start on or now! Counterstake LINE Featured Vector Image by redgreystock / Freepik

Kava Rise Program: What It Is and How Obyte Users Can Earn Passive Income

কাভা রাইজ প্রোগ্রাম: এটি কী এবং কীভাবে ওবাইট ব্যবহারকারীরা প্যাসিভ ইনকাম করতে পারেন

Kava Rise-Programm: Was es ist und wie Obyte-Benutzer passives Einkommen erzielen können

Programa Kava Rise: qué es y cómo los usuarios de Obyte pueden obtener ingresos pasivos

Programme Kava Rise : qu'est-ce que c'est et comment les utilisateurs d'Obyte peuvent gagner un revenu passif

कावा राइज प्रोग्राम: यह क्या है और कैसे ओबाइट उपयोगकर्ता निष्क्रिय आय अर्जित कर सकते हैं

Kava Rise プログラム: その概要と、Obyte ユーザーが受動的収入を得る方法

Kava Rise 프로그램: 정의 및 Obyte 사용자가 수동 소득을 얻을 수 있는 방법

Programa Kava Rise: o que é e como os usuários do Obyte podem ganhar uma renda passiva

Программа Kava Rise: что это такое и как пользователи Obyte могут получать пассивный доход

Kava Rise Programı: Nedir ve Obyte Kullanıcıları Nasıl Pasif Gelir Kazanabilir?

Chương trình Kava Rise: Nó là gì và người dùng Obyte có thể kiếm thu nhập thụ động như thế nào

Kava Rise 计划：它是什么以及 Obyte 用户如何赚取被动收入

The UAE regulators are focused on boosting the local economy by liberalizing the policies to suit the needs of emerging technologies like The move will create high-quality jobs for the local community, provide skill development opportunities, and add to the region's economic growth through operational expenditures and services to the public. The rapid advancements on the policy front will ensure that the UAE is at the forefront of the web3 revolution and stays ahead of its global counterparts. Web3. Not only that, the UAE market is also emerging as a global hub for Web3 innovation, and the Dubai International Finance Center (DIFC) is acting as a fulcrum to strike a fine balance between regulations and the business aspirations of Web3 entrepreneurs. The growing popularity of the UAE as a Web3 hub clearly shows in the statistics released by DIFC. There has been a 23% rise in the companies enrolling at DIFC this year. Out of these, 660 companies are led by fintech innovation. The launch of dirham Stablecoins has been one of the most pivotal use cases for digital assets. Traditionally, the stablecoin landscape has been dominated by US dollar-backed stablecoins such as , , and the recently introduced PYUSD. To gauge their popularity, one only needs to look at the numbers, i.e., the total market cap of stablecoins hovers around (according to DeFi Llama), with USDT leading the way with a commanding . Given its association with the world's most influential currency, the US Dollar. USDT USDC $124.117 billion 67.13% market share , said “As crypto regulations keep developing across more regions, one will see a corresponding growth in the popular use cases. The primary utility of stablecoins lies in their ability to facilitate cross-border payments at an exceptionally low cost. Globally, corporations shuffle approximately $23.5 trillion ( ) across borders each year. The associated transaction costs for these massive sums tally up to a staggering $120 billion annually. Issues like trapped liquidity, delayed settlements, and the need for foreign currency conversions also plague this process. In this context, stablecoins offer a streamlined solution, enabling seamless transactions with unparalleled security and traceability on a distributed ledger technology. These transactions can easily be facilitated through regulated and compliant custody solutions providers”. Manhar Garegrat, Country Head- India and Global Partnerships at Liminal, a wallet infrastructure and custody solutions platform as per JP Morgan's report “the UAE market has already surprised us with its commitment to becoming a leader in the digital assets space, and it is not surprising to see such highly innovative and simple-to-use Web3 products emerging from the nation. The launch of Dirham-backed stablecoin shows that the digital asset market in the region is entering a more mature phase and is ready for the next stage of growth on the back of evolved regulatory frameworks”. Garegrat added that Liminal is keen to build a strong presence in the UAE region and has received in-principle approval from ADGM in Abu Dhabi to provide digital asset custody services to Web3 businesses and institutions. As an active player in the region, Liminal already has a premium clientele and will look to leverage its position further. We are committed to the UAE Web3 growth story and have hired local talent for leadership positions. We will continue to expand our operations across the Middle East.

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